Edmonton Housing Market Outlook 2026

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Edmonton Housing Offers More Inventory And Negotiation Power

Edmonton’s housing market is starting 2026 in transition. Sales have slowed compared to late last year and last January, while new listings have risen sharply. Inventory is now significantly higher than a year ago, shifting leverage away from sellers and giving buyers more options. This is a move toward more balanced conditions after a stronger stretch of activity.

With months of supply sitting above 4 months in metro Edmonton, the market is operating closer to long-term norms. Homes are taking longer to sell, and negotiations are becoming more deliberate. The market tone has shifted from urgency to selectivity.

Is Edmonton Becoming a Buyer’s Market?

Edmonton is not in distress, but it is clearly more competitive for sellers than it was last year. Higher inventory and softer sales have reduced seller dominance. Buyers now have time to compare listings and negotiate prices and terms with more confidence.

This change reflects supply growth rather than a sharp drop in demand. When listings rise faster than transactions, Edmonton is experiencing a return to balance.

Which Edmonton Property Types Are Under the Most Pressure?

The row and townhouse segments face the most competitive conditions. Inventory expanded quickly in these categories, increasing competition among sellers and putting pressure on pricing.

Detached homes remain comparatively stable. While sales activity has softened, price adjustments have been modest. Semi-detached properties are also showing relative resilience.

Apartment condominiums are more volatile. Sales declined year over year, but benchmark pricing movements remain contained. Sellers in the condo segment must be realistic, particularly as buyers gain leverage.

Why Did Edmonton Inventory Rise So Quickly?

A wave of new listings entered the market at the start of the year. Many sellers who delayed listing late in 2025 came forward in January. At the same time, buyer activity did not accelerate at the same pace.

When listing growth outpaces sales growth, inventory builds. That shift changes market psychology. Buyers feel less pressure to compete, and sellers must adjust pricing expectations accordingly.

What Is the Outlook for Edmonton Home Prices?

Edmonton home prices are expected to remain broadly stable with only modest growth over the year. Slower population growth and some labour market softness will cap aggressive appreciation.

However, Edmonton remains relatively affordable compared to other major Canadian markets. That affordability continues to support first-time buyers and value-driven households, preventing sharp price declines.

What Is Happening in Edmonton’s Rental Market?

Edmonton’s rental market is also easing. A growing number of purpose-built rental completions is pushing vacancy rates higher. As supply expands and population growth moderates, rent growth is expected to slow.

Landlords will face greater competition, especially in newer, higher-priced buildings. Incentives are likely to remain common in the near term.

Overall, Edmonton is not overheating or contracting sharply; it is normalizing. Buyers have more leverage, sellers must price strategically, and conditions are moving toward balance across most property types.

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Edmonton Housing Market Highlights

• The average selling price of a home in Edmonton decreased by 0.5% year-over-year to $409,000 in January.
• The average selling price of a single-family home in Edmonton increased by 0.9% year-over-year to $491,000 in January.
• The average selling price of a townhouse/multiplex in Edmonton decreased by 0.9% year-over-year to $271,900 in January.
• The average selling price of a condo in Edmonton decreased by 0.7% year-over-year to $197,500 in January.
• The average rent in Edmonton is now $1,591 for January.
• February 21, 2026: Today’s lowest mortgage rate in Edmonton is for a 5-year fixed.

Data from the Realtors Association of Edmonton (REA) indicates that the average price of resale residential homes sold across Edmonton in January was $409,000, and itdecreased of 0.5% compared to a year ago.

REA also reported a sales-to-new-listings ratio (SNLR) of 46%, indicating Balanced market conditions in Edmonton for January.

Composite Home Prices

Single-family Home Prices

Townhouse and Multiplex Prices

Condo Prices

Transactions –  Number of Sales

New Listings

Real Estate Market

The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR below 40% suggests a buyer’s market, where buyers have the upper hand and greater negotiating power. An SNLR between 40% and 60% is a balanced market, while an SNLR of over 60% is considered a seller’s market. 

Annual Changes to Composite Home Prices in Edmonton

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Edmonton Market Rents Snapshot

The average rent in Edmonton was $1,591 for the month of January.

The average rent for a 1-bedroom apartment in Edmonton was $1,279 for the month of January, which decreased by 3.9% year over year.

The average rent for a 2-bedroom apartment in Edmonton was $1,619 for the month of January, which decreased by 2.6% year over year.

Rental Price Changes by City

Rank	CITY	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$2,958	$2,469	$3,287	−2.2%
2	Vancouver	$2,650	$2,362	$3,279	−4.8%
3	Oakville	$2,502	$2,216	$2,576	−19.3%
4	Toronto	$2,504	$2,183	$2,801	−8.6%
5	North York	$2,528	$2,127	$2,688	−1.9%
6	Burnaby	$2,505	$2,144	$2,809	−6.7%
7	Coquitlam	$2,524	$2,107	$2,765	−3.9%
8	Mississauga	$2,446	$2,043	$2,454	−8.6%
9	Etobicoke	$2,382	$2,102	$2,562	−8.3%
10	Kanata	$2,412	$2,238	$2,502	−17.3%
11	Brampton	$2,361	$1,910	$2,208	−7.2%
12	Kingston	$2,315	$1,968	$2,502	22.0%
13	Scarborough	$2,318	$1,910	$2,417	−5.6%
14	Vaughan	$2,266	$2,082	$2,499	−6.7%
15	Greater Sudbury	$2,067	$1,918	$2,167	−2.4%
16	Langley	$2,344	$2,071	$2,465	−1.8%
17	Burlington	$2,376	$2,065	$2,443	−5.0%
18	Ajax	$2,248	$1,814	$2,229	−4.5%
19	Halifax	$2,270	$2,052	$2,500	0.10%
20	Victoria	$2,224	$1,942	$2,605	−5.1%
21	Guelph	$2,159	$1,979	$2,291	−4.0%
22	Kelowna	$2,015	$1,686	$2,124	−10.8%
23	Surrey	$2,124	$1,818	$2,249	−8.5%
24	Ottawa	$2,127	$1,945	$2,458	−2.8%
25	New Westminster	$2,120	$1,872	$2,611	−7.4%
26	Waterloo	$2,230	$2,028	$2,367	−2.7%
27	Oshawa	$2,121	$1,753	$2,052	−5.4%
28	Nanaimo	$2,055	$1,820	$2,328	8.20%
29	Barrie	$2,154	$1,904	$2,184	−1.2%
30	East York	$2,302	$1,963	$2,554	−4.3%
31	Hamilton	$2,069	$1,753	$2,086	0.40%
32	Brossard	$2,066	$1,794	$2,169	1.60%
33	Cambridge	$2,057	$1,797	$2,101	−6.4%
34	Kamloops	$1,992	$1,805	$2,161	5.60%
35	Airdrie	$1,954	$1,450	$1,739	−0.9%
36	Laval	$2,098	$1,710	$2,348	11.00%
37	Kitchener	$2,013	$1,819	$2,130	−4.5%
38	Brantford	$1,979	$1,802	$2,058	0.50%
39	Niagara Falls	$1,929	$1,684	$1,899	−9.4%
40	Montreal	$1,913	$1,710	$2,216	−1.3%
41	London	$1,916	$1,650	$2,051	−4.5%
42	Gatineau	$1,885	$1,655	$2,072	−4.7%
43	Calgary	$1,871	$1,535	$1,850	−3.9%
44	Peterborough	$1,973	$1,677	$1,991	−2.3%
45	St. Catharines	$1,827	$1,608	$1,945	−1.2%
46	Welland	$1,675	$1,506	$1,823	−0.4%
47	Windsor	$1,658	$1,523	$1,839	−0.1%
48	Sarnia	$1,728	$1,508	$1,833	−3.9%
49	Winnipeg	$1,664	$1,409	$1,796	3.10%
50	Côte Saint-Luc	$1,535	$1,402	$1,787	−21.4%
51	Edmonton	$1,591	$1,279	$1,619	−2.6%
52	Saskatoon	$1,566	$1,350	$1,554	4.50%
53	Lethbridge	$1,528	$1,369	$1,570	0.70%
54	Quebec City	$1,485	$1,364	$1,646	−12.3%
55	Red Deer	$1,529	$1,219	$1,489	5.90%
56	Regina	$1,466	$1,255	$1,538	4.80%
57	Fort McMurray	$1,370	$1,167	$1,419	−1.3%
58	Medicine Hat	$1,372	$1,217	$1,395	0.10%
59	Lloydminster	$1,235	$1,025	$1,340	7.70%
60	St. John's	$1,238	$1,086	$1,250	−6.4%

Average Rent by City
Source: Rentals.ca Network Data & Urbanation Inc.

Rental Price Changes by Province

Rental Price Growth by Housing Type

How Does Renting Compare with Homeownership in Edmonton?

Each $100,000 in mortgage balance costs an average of $509.35 per month on nesto’s lowest fixed 5-year rate at and $495.28 per month on nesto’s lowest adjustable 5-year rate at .

For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.23. The rates used for calculation are those offered for insured purchases with less than a 20% downpayment and a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.

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Frequently Asked Questions (FAQ) About the Edmonton Housing Market Outlook for 2026

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Why Choose nesto

At nesto, our commission-free mortgage experts, certified in multiple provinces, provide exceptional advice and service that exceeds industry standards. Our mortgage experts are salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and the quality of their advice. nesto aims to transform the mortgage industry by providing honest advice and competitive rates through a 100% digital, transparent, and seamless process.

nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.

Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.

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